The University-as-Monopolist: Why Parking Problems Persist at University Campuses
Journal of Applied Business and Economics (Special Edition: Environmental Developments in Business Research), Vol. 10, No. 6, pp. 39-43, 2010
Posted: 3 Aug 2011
Date Written: August 2, 2011
A common problem at major university campuses in the United States concerns persistent parking space shortages. While such a situation reflects an inadequate pricing mechanism for parking, it also reflects a result consistent with monopoly providers of parking services. In this paper, we analyze the parking problem from this perspective, utilizing a cost-benefit approach that explains why the incentive structure that exists at American universities makes such problems likely.
Keywords: parking, applied microeconomics
JEL Classification: D0, D4, D45
Suggested Citation: Suggested Citation